A letter of intent between Fred. Olsen Production ASA (OSE:FOP) on behalf of a joint venture with Marubeni Corp. to construct, install, and charter an FPSO for PetroVietnam Technical Services Corp. has expired without a contract.

Statoil (OSE:STL;NYSE:STO) has awarded contracts totaling $1.56 billion for three new “Category A” light well intervention (LWI) vessels, two to Island Offshore Management and one to Eide Marine Services.

Atlantic Offshore Rescue has won contracts totaling $19 million to provide support vessels in the UK North Sea.

Seadrill (XOSL:SDRL) has 18 new drilling rigs under construction in various yards.

UTEC Survey’s Maridive 515 vessel is supporting a pipeline survey in the Arabian Gulf.

Dockwise’s new giant transportation vessel Dockwise Vanguard could encourage operators to commission larger spar platforms, the company claimed during a presentation at OTC.

Seadrill has awarded Fairstar Heavy Transport a $2.9-million contract to transport the Offshore Vigilant drilling rig to Vietnam.

Daewoo has contracted ABB to supply $18 million in propulsion and electric power systems for two newbuild offshore pipelay vessels ordered by Technip and Odebrecht Oil & Gas for use offshore Brazil for Petrobras.

Cairn Energy says Wintershall’s recent Skarfjell oil discovery in the Norwegian could provide the basis for a stand-alone development, also tying in production from stranded fields in the area.